Hot Runners: Nokia Corporation (ADR) (NYSE:NOK), Wal-Mart Stores (NYSE:WMT), Sprint Corporation (NYSE:S), Marvell Technology Group (NASDAQ:MRVL)

Nokia Corporation (ADR) (NYSE:NOK) received regulatory approval from China to sell its flagship business to Microsoft. It gives big relive for the Company to get a green signal across major markets without any compliance issues. The Company expects authorities across the U.S., Europe and China that may challenge Nokia’s compliance under standard essential patents (FRAND undertakings).Nokia Corporation (ADR) (NYSE:NOK) shares after opening at $7.39 moved to $7.41 on last trade day and at the end of the day closed at $7.34. Company price to sales ratio in past twelve months was calculated as 0.80 and price to cash ratio as 3.71. Nokia Corporation (ADR) (NYSE:NOK) showed a negative weekly performance of -3.93%.

Wal-Mart Stores, Inc. (NYSE:WMT) is launching a money transfer service in a direct challenge to the dominance of Western Union Co. and MoneyGram, aiming to broaden the financial services it offers to low-income customers and increase store traffic. Wal-Mart Stores, Inc. (NYSE:WMT) shares advanced 0.57% in last trading session and ended the day on $77.66. WMT return on equity ratio is recorded as 27.20% and its return on assets is 9.70%. Wal-Mart Stores, Inc. (NYSE:WMT) yearly performance is 3.12%.

Sprint Corporation (NYSE:S) is thought to be in an advanced stage to launch its HD Voice, as early as mid this year. With the innovation, customers will be given an opportunity to enjoy the experience of HD Voice enabled devices that will be made available to sprint networks. The new voice call addition will be a value addition to the industry, sure to provide a significant market traction. Sprint Corporation (NYSE:S) shares moved up 1.79% in last trading session and was closed at $8.52, while trading in range of $8.34-$8.69. Sprint Corporation (NYSE:S) year to date performance is -20.74%.

UBS AG lifted their price objective on shares of Marvell Technology Group (NASDAQ:MRVL) from $14.00 to $17.00 in a research note issued on Wednesday, AmericanBankingNews.com reports. The firm currently has a “neutral” rating on the stock. UBS AG’s target price indicates a potential upside of 4.91% from the company’s current price. Marvell Technology Group Ltd. (NASDAQ:MRVL) weekly performance is 2.23%. On last trading day company shares ended up $15.61. Marvell Technology Group Ltd. (NASDAQ:MRVL) distance from 50-day simple moving average is 0.53%. Analysts mean target price for the company is $16.42.